Natalia Solar moved to a 49-story luxury tower in Miami’s Brickell neighborhood two years ago. She and a roommate paid $3,300 a month for a two-bedroom apartment in a building with an Equinox fitness club, rooftop pool, and 24-hour concierge service.
She renewed the following year for $3,500. Then when her lease expired earlier this year, the landlord delivered some shocking news: He was doubling the rent to $7,000 a month.
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